By Reuters
South African coal miner Exxaro Resources said on Wednesday its board had placed CEO Nombasa Tsengwa on “precautionary suspension” pending an independent probe “into allegations related to workplace conduct and governance practice”.
“The Board takes any such allegations and resultant investigations very seriously but makes no presumption as to its conclusion. The company will be guided by the outcome of investigation before taking the appropriate action, if any,” Exxaro said in a statement.
Tsengwa was not immediately available for comment.
Exxaro said that the inquiry will be carried out by law firm ENS, adding that the company’s long-time finance director Riaan Koppeschaar would take on the additional role of acting CEO.
Tsengwa, who became CEO in August 2022, was leading Exxaro’s search for clean energy minerals, mainly copper and manganese, as it seeks to diversify away from polluting coal.
She is also president of the Minerals Council South
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